Saturday, October 8, 2016

Technical Analysis Oct 2016: GBGAQRS (5226)


GABUNGAN AQRS BERHAD (5226) 

Observation from Chart:

GBGAQRS (5226) retrace down from RM1.18 high level to RM0.85  (-27.5%)

Will it rebound @ RM0.85 strong support level?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K oversold, pending trigger BUY call.

Immediate resistance @ RM0.93level.
Subsequent resistance @ RM0.965 level.

Immediate support @ RM0.85 level.
Subsequent support @ RM0.82 level.

Let's watch closely for technical rebound

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